What is the principa - Study guides, Class notes & Summaries

Exam Gold Coast Real Estate Practice Final Exam Questions With 100% Verified Answers A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment ? - Answer- $39,863.72 If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 - Answer- 3,000 what is the tax levy of a non-homestead property that is as seed at 36000 w...

Any promise to answer for another person's debts or defaults, including the promise that a surety makes to the obligee under a bond, derives from which one of these? Statutes of frauds Following the Civil War, the growing number and complexity of financial/commercial relationships led to the need for Commercial suretyship. In accordance with a contract to build a county shed for the Village of Malcom, Raymone Construction purchases a contract surety bond from SureRite Insurance. Identify t...

Real Estate Sales License Exam - Rhode Island Exam Study Guide Solutions Deed of Trust Loan - ANSWER-Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - ANSWER-- Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - ANSWER-- Population - Demographics - Employment and wage levels Realtor - ANSWER...